Commerce Exam  >  Commerce Tests  >  Accountancy Class 12  >  Test: Financial Statements Of Non Profit Organization - 2 - Commerce MCQ

Test: Financial Statements Of Non Profit Organization - 2 - Commerce MCQ


Test Description

10 Questions MCQ Test Accountancy Class 12 - Test: Financial Statements Of Non Profit Organization - 2

Test: Financial Statements Of Non Profit Organization - 2 for Commerce 2024 is part of Accountancy Class 12 preparation. The Test: Financial Statements Of Non Profit Organization - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Financial Statements Of Non Profit Organization - 2 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Financial Statements Of Non Profit Organization - 2 below.
Solutions of Test: Financial Statements Of Non Profit Organization - 2 questions in English are available as part of our Accountancy Class 12 for Commerce & Test: Financial Statements Of Non Profit Organization - 2 solutions in Hindi for Accountancy Class 12 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Financial Statements Of Non Profit Organization - 2 | 10 questions in 10 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Accountancy Class 12 for Commerce Exam | Download free PDF with solutions
Test: Financial Statements Of Non Profit Organization - 2 - Question 1

All revenues and expenses of a Non-profit organisation are reported on its statement of

Test: Financial Statements Of Non Profit Organization - 2 - Question 2

All assets and liabilities of Non-profit organisation are reported on its statement of

Detailed Solution for Test: Financial Statements Of Non Profit Organization - 2 - Question 2

The correct option is B.

A non-profit organisation’s statement of financial position which is the balance sheet for business.It presents the financial position of an entity at a given date It is one of the main financial statements. The statement of financial position reports an entity's assets, liabilities, and the difference in their totals as of the final moment of an accounting period.

1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Financial Statements Of Non Profit Organization - 2 - Question 3

The statement of _______ may be prepared under the direct or indirect method.

Test: Financial Statements Of Non Profit Organization - 2 - Question 4

Classifying expenses into program activities and supporting activities is known as the _______ basis

Test: Financial Statements Of Non Profit Organization - 2 - Question 5

Reporting expenses by categories such as salaries, rent, utilities, etc. is known as the ______ basis.

Test: Financial Statements Of Non Profit Organization - 2 - Question 6

Fund earmarked for investment in fixed assets is known as

Test: Financial Statements Of Non Profit Organization - 2 - Question 7

Which of the following is not an restricted fund

Test: Financial Statements Of Non Profit Organization - 2 - Question 8

The two types of restrictions on contributions that are classified as temporarily restricted are purpose and

Test: Financial Statements Of Non Profit Organization - 2 - Question 9

All expenses of a Non-profit organisation are reported as part of the changes in ___________________ net assets.

Test: Financial Statements Of Non Profit Organization - 2 - Question 10

Normally the principal portion of an endowment will be classified as _________________ net assets.

47 videos|109 docs|56 tests
Information about Test: Financial Statements Of Non Profit Organization - 2 Page
In this test you can find the Exam questions for Test: Financial Statements Of Non Profit Organization - 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Financial Statements Of Non Profit Organization - 2, EduRev gives you an ample number of Online tests for practice

Up next

47 videos|109 docs|56 tests
Download as PDF

Up next